Core Viewpoint - Semiconductor Manufacturing International Corporation (SMIC) has applied for a patent related to a new "anti-fuse structure and its formation method," indicating ongoing innovation in semiconductor technology [1]. Company Overview - SMIC was established in 2000 and is located in Shanghai, primarily engaged in the manufacturing of computers, communications, and other electronic devices [2]. - The company has a registered capital of 244 million USD and has made investments in four enterprises, participated in 127 bidding projects, and holds 150 trademark records and 5,000 patent records [2].

Core Viewpoint - Local governments are intensifying efforts to address overdue payments to enterprises by issuing new special bonds to raise funds for debt repayment [2][4][5] Group 1: Special Bond Issuance - Qinghai Province plans to issue approximately 11.7 billion yuan in government bonds, including 1.42 billion yuan in new special bonds specifically for repaying overdue payments to enterprises [2] - The central government has proposed a total of 4.4 trillion yuan in local government special bonds for 2025, an increase of 500 billion yuan from the previous year, with a focus on addressing overdue payments to enterprises [4] - Hunan Province has received a debt limit of 182.3 billion yuan, with 20 billion yuan allocated specifically for repaying overdue payments to enterprises, representing about 14% of the new special bond quota [4] Group 2: Financial Impact and Usage - As of July 4, approximately 2.22 trillion yuan in new special bonds have been issued, with about 519.5 billion yuan (23%) allocated for unspecified projects, likely including overdue payments and replacing hidden debts [5] - The Ministry of Finance plans to allocate 800 billion yuan annually from new local government special bonds from 2024 to 2028 to address hidden debts [6] - The overdue payment issue has intensified due to economic pressures, with a notable increase in accounts receivable and extended payment periods for small and medium-sized enterprises [6][8] Group 3: Regional Efforts and Challenges - Some regions have reported success in repaying overdue payments, with specific municipalities achieving significant reductions in government debts to enterprises [7] - Local government revenues have been under pressure, with a 1.9% increase in general public budget revenue and an 8.3% decline in government fund budget revenue in the first five months of the year [8] - The reliance on local financial resources for clearing overdue payments has led to challenges, making the issuance of special bonds a quicker solution to alleviate liquidity issues for enterprises [8]

Core Insights - Gree New Yuan Electronics Co., Ltd., Gree Electric Appliances Inc., and Gree New Yuan Electronics (Nanjing) Co., Ltd. have obtained a patent for a device that promotes the absorption of electrolytic liquid in electrolytic capacitors, with the patent granted on CN112802693B and applied for on January 1, 2021 [1][2]. Company Overview - Zhuhai Gree New Yuan Electronics Co., Ltd. was established in 1988 and is located in Zhuhai City, primarily engaged in the manufacturing of computers, communications, and other electronic devices. The company has a registered capital of 126.18 million RMB. It has invested in 2 companies, participated in 44 bidding projects, and holds 304 patents along with 31 administrative licenses [1]. - Zhuhai Gree Electric Appliances Inc. was founded in 1989 and is also based in Zhuhai City, focusing on the manufacturing of electrical machinery and equipment. The registered capital is 601,573.0878 million RMB. The company has invested in 101 enterprises, participated in 5,000 bidding projects, and possesses 5,000 trademark and patent records, in addition to 827 administrative licenses [1]. - Gree New Yuan Electronics (Nanjing) Co., Ltd. was established in 2018 and is located in Nanjing City, primarily engaged in retail. The registered capital is 10 million RMB. The company has participated in 2 bidding projects, holds 24 patents, and has 14 administrative licenses [2].

Group 1 - Ningxia issued a 15-year special local government bond for healthcare with a scale of 0.66 billion and an issuance rate of 1.94% [1] - The marginal multiple for the healthcare bond was 1.30 times, with an expected multiple of 2.18 [1] - Ningxia also issued a 10-year special local government bond for urban renewal with a scale of 1.00 billion and an issuance rate of 1.79% [1] Group 2 - The marginal multiple for the urban renewal bond was 3.00 times, with an expected multiple of 2.34 [1]

编者按 | 为帮助投资者了解北交所市场相关知识 ，我们全新推出《北证知识一站通》系列动画，重点 | | --- | | 围绕开户、交易等方面，向投资者详细介绍参与北交所市场的相关知识。第三期为《 北证专 | | 精特新指数特辑 》，感兴趣的投资者快来看看吧！ | 北证知识一站通第三期： 北证专精特新指数特辑 ...

蔡澜去世，想起多年前他请客的一餐早茶。 蔡澜去世，想起多年前他请客的一餐早茶。 那时候正在为一家媒体做一个名人书房的专题，每期一人，到他们家中访谈、拍摄，让他们聊自己买书、读书、 写书的感受。蔡澜爽快地接受了访问，但不想让我们去他家拍摄，说没什么好拍的，他可以直接提供各种图片给 我们，还是请我们吃顿早茶，边吃边聊来得尽兴。 于是第二天一早8点半，就睡眼惺忪地来到约定的乐园茶餐厅。蔡澜已经在和老板说笑了，桌上则摆满了从不同地 方打包的点心和菜肴。这家茶餐厅在九龙城衙前围道九龙城市政大厦的2楼，更像是室内大排档的一个摊点。1988 年以前，它是真正的露天小摊，就像这边近年来进行的菜市场改造一样，香港的很多路边摊也经历过一轮搬进大 楼的洗礼。 蔡澜是这里的熟客，现任老板的父亲当家时，他就经常光顾了，"因为茶和炒米粉很好吃"。其他如叉烧、烧肉、 野生黄鱼、马友鱼、咸鱼、印尼大春卷、印尼饭和印尼面，则是从周围不同店家买来的。"菜市场买来的最新 鲜。"蔡澜边招呼大家多吃一点，边介绍每一道菜或主食的特点。在附近住了十几年，他每天早上五六点就起床， 去菜场买菜，然后吃早饭。问他早饭是不是天天这么丰盛，他说是，早饭很重要，而且 ...

Core Points - The Zhengzhou Municipal Government has issued the "Management Measures for Special Planning of Land Space," aimed at standardizing the preparation, approval, and management of special planning in the city, enhancing resource utilization, and improving urban functions [1][2] - Special planning is defined as specific arrangements for spatial development, protection, and utilization in designated areas, covering various sectors such as transportation, energy, public services, military facilities, and ecological protection [1] - The management of special planning will be unified under the leadership of the municipal government, with the Municipal Resource Planning Bureau responsible for coordination among multiple departments [1] Planning Process - The preparation of special planning will follow a directory management system, requiring relevant spatial plans to be included in the land space planning system [2] - The Municipal Resource Planning Bureau will collaborate with various departments to create a preparation directory, which will be subject to dynamic management [2] - Plans not included in the directory will not be reviewed, approved, or funded, ensuring a controlled approval process [2] Approval and Modification - The approval process involves the responsible department organizing the preparation, with the Municipal Resource Planning Bureau establishing a review mechanism and providing unified data [2] - Any modifications to the planning must follow established procedures, with specific circumstances such as major strategic implementations or project adjustments requiring formal changes [2] - Updated data from modifications must be incorporated into the land space planning supervision information system to maintain a traceable and controllable management framework [2]

Group 1 - The core viewpoint emphasizes the importance of promoting rural revitalization and strengthening agricultural development through the implementation of the "Study, Check, and Improve" initiative [1] - The focus is on enhancing the construction of beautiful and livable rural areas, which is crucial for building a modern agricultural strong city [1] - The integration of agriculture, culture, and tourism is highlighted as a means to improve rural development, increase agricultural efficiency, and boost farmers' income [1] Group 2 - The meeting underscored the need to thoroughly implement the Central Eight Regulations, recognizing the importance of addressing violations related to dining and drinking as a key approach to improving party conduct [2] - There is a call for establishing a long-term mechanism to enhance the self-discipline and initiative of party members, ensuring adherence to the Central Eight Regulations [2] - The emphasis is placed on accountability and leadership, with a focus on leading by example to foster a positive political atmosphere and contribute to high-quality development [2]

Group 1 - Jiangsu Qiwushui Aquaculture Development Co., Ltd. has transformed from a single shrimp farming business to a comprehensive cold chain logistics entity for special aquatic products, with a total industry chain output value exceeding 100 million yuan [1] - The local financial institution, Gaoyou Rural Commercial Bank, has introduced innovative loan products such as "breeding loans" and "industry loans," providing 79.5 million yuan in loans to 740 shrimp farmers, enabling nearly zero-capital entrepreneurship [1] - Yangzhou has a significant number of small and micro enterprises, totaling 526,800, which account for over 90% of private enterprises in the region [1] Group 2 - Baoying County, known as the "hometown of lotus root," has launched innovative products like salted egg yolk cheese lotus root and lotus root chips, gaining popularity among young consumers [2] - The establishment of lotus root cooperatives and a trading market has created an industrial operation model that connects small farmers with large markets, supported by Baoying Rural Commercial Bank [2] - Jiangsu Hongxin Supermarket Chain Co., Ltd. successfully listed on the Hong Kong Stock Exchange, with financial support playing a crucial role in its development, including various inclusive financial policies [2] Group 3 - Yangzhou is focusing on developing six major industrial clusters and thirteen emerging industrial chains, having provided credit services to over 980 technology enterprises [3] - The city plans to expand its financing coordination mechanism to all private and foreign trade enterprises, aiming to enhance satisfaction and accessibility of financial policies [3] - Yangzhou aims to create a business-friendly environment that supports investment, operations, and development for enterprises [3]

Group 1 - In the first half of the year, 82.97% of the 8267 comparable mixed funds saw an increase in net value, with 6859 funds rising and 1398 funds declining [1] - Six mixed funds achieved a growth rate exceeding 70%, with the top three being theme products focused on the Beijing Stock Exchange [1][2] - The top-performing fund, China CITIC Bank's Beijing Stock Exchange Selected Two-Year Open Mixed A, recorded a growth of 82.45% and a cumulative net value of 2.3271 yuan since its establishment [1][5] Group 2 - The China CITIC Bank's Beijing Stock Exchange Selected Two-Year Open Mixed Fund A and C are primarily invested in companies that meet the "specialized, refined, unique, and innovative" criteria in various sectors, including medical beauty and automotive parts [2] - The fund manager, Gu Xinfeng, has extensive experience in investment research and management within the industry [2] - Other funds with over 70% growth include Changcheng Medical Industry Selected Mixed Fund A and C, and Bank of China Hong Kong Stock Connect Medical Mixed Fund A, with growth rates of 75.18%, 74.73%, and 70.08% respectively [2][3] Group 3 - The Changcheng Medical Industry Selected Mixed Fund A and C focused on innovative drug sectors, investing in companies with disruptive innovation and those that have commercialized their products [3] - The fund manager, Liang Furui, has a background in medical research and has been with Changcheng Fund Management since 2019 [3] - Four funds from Caitong Fund Management Company were among the top ten funds with the largest declines, each dropping over 16% [3][4]